Aviation

Shares rise in Aer Lingus owner IAG as it mulls 2024 dividend pay out

Sources familiar with the matter say shareholders could receive remittance before the end of the year

IAG last paid an interim dividend in late 2019, months before the global pandemic grounded airlines around the world and destroyed their balance sheets. Picture: PA

IAG, the parent firm of Aer Lingus, is weighing the prospect of reinstating dividend payments as soon as this year, people familiar with the matter said, bringing the airline group closer to fully repairing its finances after years of pandemic depression.

The firm, which also owns British Airways, has told investors that payouts could be made before the end of the year, sources said, asking not to be identified because the discussions are private. One ...